Volcker biographer: Bernanke needs to embrace lessons of 1970s

"The 1970s delivered two important messages. First, we can’t get a permanent reduction in unemployment by inflating. It doesn’t work. And second, we’ve got to worry about inflation even with unemployed resources. Waiting until we see a clear and present danger is too late."

By Neil Irwin September 25, 2012

The American Medical Association’s president-elect on the future of health care

Talking to Ardis Hoven, the leader of the country's largest doctor group, about the looming doctor shortage, how she and others will "teach" new patients to use their health insurance and what role physicians play in team-based health care. What follows is a transcript of our discussion, lightly edited for clarity and content:

By Sarah Kliff July 1, 2012